Minister for Finance Paschal Donohue has announced the removal of the pay cap on maximum pay for AIB and PTSB. The Government removed a €500,000 pay cap from Bank of Ireland after completing a review of the sector’s pay restrictions shortly after the bank returned to full private ownership in 2022. It comes after the
The State has sold its remaining shares in AIB, Minister for Finance Paschal Donohoe said today. The State sold a 2.06% stake in AIB at a price of €6.94 per share. This will generate about €305.3m upon settlement and brings to €19.8 billion the total amount returned to the State to date from its investment
Financing of fossil fuel activities grew by almost $200bn in 2024, reversing a three-year trend that saw the world’s largest banks cut their financing to polluting companies. Shareholders and non-profits have accused banks of “climate hypocrisy” and exposing themselves to increased liability risks. Overall fossil fuel financing had been falling since 2021, but last year
In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans
Banking on Climate Chaos is authored by Rainforest Action Network, BankTrack, the Centre for Energy, Ecology, and Development, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, and Urgewald. Allison Fajans-Turner, policy Lead at Rainforest Action Network, said: “Even in the face of worsening disasters and increasingly dire warnings of scientists and policy experts,
In today’s financial world, trust is more than a virtue, it’s a currency. As global banking continues to evolve under the weight of new regulations, data transparency mandates, and geopolitical uncertainty, clients across the world are seeking something increasingly rare: institutions that can both protect their financial privacy and comply with international standards. Belize, quietly
Dimitar Dimitrov is the founder and Managing Partner at Accedia, a leading European AI & Custom Software Development Company. getty Gone are the days when CIOs focused solely on infrastructure. As today’s CIO, you’re expected to drive innovation and shape the direction of the bank in a tech-driven world. A key part of this shift
Solis Microfinance Ltd., a leading microfinance institution in Ghana, in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), has officially launched the Solis Mobile Banking App and unveiled its flagship Boafo Pa Loan product, both tailored specifically for Ghana’s informal sector and micro, small, and medium-sized enterprises (MSMEs). The launch, held on 30th April 2025,
Citizens has spent more than two years working on its open banking strategy.Alex Kent/Bloomberg The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens Financial, the move isn’t hindering its bullishness on the broader concept. “This doesn’t change our strategy,” Eric McCabe, Citizens’
India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an